Desperation And Austerity Hit Global Energy Markets
We are starting to see the makings of energy curtailments in Europe – an exceedingly unpopular step that governments would be unlikely to take if there were any other choice, Continue Reading
Oil falls as IEA members meet to discuss stocks release
Oil prices fell on Friday ahead of a meeting of International Energy Agency (IEA) member nations set to discuss a release of emergency oil reserves alongside a huge planned release Continue Reading
Oil Hits Largest Weekly Loss in Over a Decade
Oil posted its biggest weekly loss in more than 10 years after the Biden administration ordered an unprecedented release of U.S. strategic reserves to tame rampant prices. West Texas Intermediate Continue Reading
Biden’s SPR Release Sends Oil Prices Below $100
The unprecedented decision by Biden to release 180 million barrels of oil from the country’s strategic petroleum reserve over the next six months has sent oil prices below $100. While Continue Reading
New York Harbor jet fuel differential, outright price reach record highs
The differential for jet fuel in New York Harbor nearly doubled overnight April 1, setting new records for both the outright price and the NYMEX differential for that Platts benchmark Continue Reading
Gas still flows from Russia to Europe as buyers navigate Putin’s rouble order
Russian gas flowed into Europe on Friday, while European gas prices continued to rise, as firms grappled with President Vladimir Putin’s threat to cut off supplies unless they paid in Continue Reading
NYMEX crude hovers around $100/b after US announces SPR release
Crude oil futures were largely steady in mid-morning Asian trade on April 1 as prices consolidated after US President Joe Biden’s announcement of a Strategic Petroleum Reserve release sent crude Continue Reading
OIL FUTURES: US SPR release, OPEC+ output hike send crude sharply lower
SPR to release 1 million b/d for up to six months Analysts question long-term impact OPEC+ sticks to planned output hike Crude oil futures settled sharply lower March 31 after Continue Reading
Oil falls as IEA members meet to discuss stocks release
Oil prices fell on Friday ahead of a meeting of International Energy Agency (IEA) member nations set to discuss a release of emergency oil reserves alongside a huge planned release Continue Reading
High energy costs are hitting UK. It’s about to get worse
Tia Rutherford is worried about her 3-year-old son. As energy prices soared last fall, she tacked fleece blankets over her doors and windows to keep the cold out and started Continue Reading